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Still, the jobs report produces several different measures of unemployment . Last month's job gains could still be sufficient for the Federal Reserve to raise interest rates this month. The U-6 has plunged since January to 8.6 percent in April, a 0.8 point decline. The dollar fell against a basket of currencies on the data, while US government bond prices rose.

The Dow Jones closed up 0.6% following the widely expected announcement. According to a press statement from the United Kingdom prime minister's residence, 10 Downing Street, Trump called May after announcing his decision. Nevertheless, President Trump left the door open by promising to "either negotiate our way back into Paris, under the terms that are fair to the United States and its workers, or to negotiate a new deal that protects our country and its taxpayers".

President Emmanuel Macron said he respected Trump's decision, but characterized it as a "mistake". "We are convinced that the implementation of the Paris Agreement offers substantial economic opportunities for prosperity and growth in our countries and on a global scale", the three leaders said.

It may be years, however, before the country can formally exit the deal, but Trump said he'll immediately halt implementation. In a speech at the White House , Trump said the USA would look to renegotiate the agreement and condemned what he called "draconian" financial and economic burdens imposed by the deal.

A currency trader watches monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate at the foreign exchange dealing room in Seoul, South Korea, Friday, June 2, 2017. Prior to the boost from the stronger-than-expected May ADP employment report issued late on Thursday, the dollar had struggled with US political concerns and a consequent risk-off mood that had gripped the wider markets earlier in the week.